Opendoor Technologies director David C. Benson sold 40,000 shares of common stock in an open-market transaction on June 16, 2026, according to an SEC Form 4 filing. The sale, valued at approximately $193,000, was executed under a pre-established Rule 10b5-1 plan to cover taxes from the vesting of restricted stock units, and represented 18.17% of his direct holdings prior to the transaction. Following the sale, Benson retains 180,099 shares worth roughly $855,000, maintaining substantial direct exposure. Opendoor shares had appreciated 671.35% over the prior year, but the transaction was not discretionary and aligned with tax-related events rather than a response to price momentum. The company, which operates a digital platform for residential real estate transactions, reported trailing-twelve-month revenue of $3.94 billion and a net loss of $1.39 billion, and was recently selected for inclusion in the Russell 3000 Index.
Opendoor Technologies IncDirector sold shares under a pre-planned 10b5-1 plan for tax purposes, not a discretionary response to price; no material impact on company fundamentals.